Trading results 1/11/09
Not a bad day I do start school again today but have not actually started anything yet as I was trading all day. I guess with a day like today I can't complain to much.I had some winners and losers. I was stopped out of my carry over with FNSR pretty much at the high of the day. I started to fade the opening move higher as I felt that it would retrace. It didn't do so in time and appered that it could keep going so I walked away with a stop. - 198AGCO gave me several short WW signals including one at the HOD but I was already in and underwater so I did not want to commit more to a trade that was not going my way. I scaled down in size with dips until I was closing out the final shares at a small gain per share. - 191IPXL was a daily WW signal. I kept the trade very small as the volume was very small and when I became busy with other trades I closed it out at a small gain. While I could have made more by holding longer I did actually close near the EOD price so there wasn't much more to get. + 16MMR gave off several signals including a gap up during the open which I first entered in with followed by a B8 short signal that I pounded on pretty hard. Trade went about as good as I could ask for as the B8 signal was just short of the move and I was able to have a good cost basis which retraced pretty quick for a nice gain. +743MR gave a great B8 short signal and I was able to scalp some shares but I closed out a little too soon by having too close of an eye on the close. I should have just waited it out until the close but it still was a pretty good trade. + 694MTL was another opening B8 short. this one really came back far to end up near the open. + 602X gave a WW intraday Short after being overbought yesterday. Ended up getting stopped out but was a good trade considering the small size. + 76+ 1744
- Robert Weinstein's blog
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